A company that drills for oil and gas in the Eagle Ford Shale is moving to the OTC Markets after being delisted from New York Stock Exchange. EXCO Resources Inc. started trading on the OTC Pink Marketplace under the stock ticker XCOO on Wednesday morning, less than a week after NYSE officials decided to delist the Dallas-based oil company. Although EXCO's stock slipped below $1 per share in November, NYSE officials cited the company's failure to maintain an average global market capitalization over a consecutive 30 trading-day period of at least $15 million as the reason for being delisted.

EXCO Resources, Inc. today announced that on December 22, 2017, EXCO was notified by the New York Stock Exchange that the NYSE has determined to commence proceedings to delist EXCO’s common shares from the NYSE as a result of EXCO’s failure to maintain an average global market capitalization over a consecutive 30 trading-day period of at least $15 million pursuant to Section 802.01B of the NYSE Listed ...

December 21, 2017 – EXCO Resources, Inc. today announced that it has entered into forbearance agreements with the administrative agent and the majority of lenders under its reserve-based credit agreement , holders of approximately 87% of the outstanding aggregate principal amount of its senior secured 1.5 lien notes due March 2022 and lenders holding approximately 81% of its outstanding senior secured ...

EXCO Resources, Inc. today announced that on December 11, 2017, EXCO was notified by the New York Stock Exchange of its noncompliance with continued listing standards because the average closing price of its common shares over a period of 30 consecutive trading days had fallen below $1.00 per share, which is the minimum average closing price per share required to maintain listing on the NYSE.

Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to EXCO Resources, Inc. Here are 5 ETFs with the largest exposure to XCO-US. Comparing the performance and risk of EXCO Resources, Inc. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker ... Read more
(Read more...)